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CNBC
Dec 14, 2012 9:00am EST
of kentucky fried chickens in the two, three, four tier cities. they're equal to chicago, right? >> yeah. 200 cities in china the size of chicago, in terms of population. >> and those are small. >> can you imagine the lines at starbucks there? a cappuccino machine goes down, it could shut down the whole city. >> my daughter was asking, how did there come to be so many people in china? >> 200 years ago, i guess, that's a long time -- >> the nation building? >> i didn't have an answer. >> discovery will do us -- >> fill me in. i need to brush up on my -- >> but david faber isn't ignorant. his hair looks better. china, here's the story. >> hair looks better. then china better. relative issue. >> it's a relative issue. thank you. very nice. >>> let's check with mary thompson, on the floor in for bob pisani today. >> weakness across the board. weakness in the nasdaq, down about 20 points. the dow lost in early trade. a little more modest in the s&p, down 4.25%. traders saying the fiscal cliff headlines will continue to dictate trading. and here there was a little reaction in the futu
CNBC
Dec 19, 2012 9:00am EST
always relatively opaque. i tried many, many times to penetrate citi holdings, which is the legacy of the core running it now. it may be good. i mean, pandit always promised me the money in holdings was money good. if you go to the book value of companies like morgan stanley, 9% of book -- i mean, in other words, what i'm saying is, xlf, look out. 14 to 16 from june to now. but it could go back to a much higher level. >> you wonder about the nominations to treasury, good time to get out of the business. righting the ship, moving on to something else? >> elizabeth arden, now senator-elect on the banking committee, has always intimated if you wanted to know who did it right, not someone who was gouged, someone who is a respectable banker, the only name she would tell you is ken straw. it is entirely possible that -- i've been pushing for dave coty. but schenault is the banker. >> i think that's probably true. >> there's a lot of people being floated here. >> your name in there at all? >> i have not come up. not just because i have trigger finger, i'm just going to bring it out. people s
CNBC
Dec 18, 2012 9:00am EST
apple as well. another day of gains for apple. yesterday it was interesting, because we have the citi downgrade, questions about the fundamentals of apple, price target changes today. positive patent news coming out. yesterday it managed to turn around in terms of the loss on the session. today another day of gains. samsung withdrawing its patents in europe. there's also news about a judge refusing to place injunctions on the samsung items. apple still in there in terms of the patents. >> reporting that they'll use four square data to help fix mats, which would be a big step forward. a bit on toyota. i don't know if we'll hear from phil lebeau later this morning, but a fine for allegedly failing to report safety defects in a timely manner required by law. not the first time this has happened. it's the fourth fine in the past two years. automaker does not admit or deny guilt. but there's a look at shares a little bit higher this morning. >> let's check with bob pisani on the floor with more. good morning, bob. >> hello, guys. happy tuesday. of course, we saw a little bit of the drop in futures w
CNBC
Dec 7, 2012 9:00am EST
river. the whole river walk has been redone unlike anything anyone has seen in an american city. we're very excited about it. >> dan, thank you. thanks for the work you're doing. appreciate you joining us today. have great weekend, everybody. right now it's time for "squawk on the street." >> up 146,000, that's the jobs numbers for november. unemployment at 7.7. that's the lowest in exactly four years. good morning. welcome to "squawk on the street." i'm carlos gutierrez with jim cramer, david faber and melissa lee. questions remain about the internals. europe is reacting to a miss on german industrial production and some reports at least that some ecb members favored a rate cut yesterday. our road map will go like this. that puzzling jobs number beating virtually every wall street estimate as the labor department says sandy had only a minimal effect. is it true a clean number and what are conspiracy theorists saying. >>> a comment hastings made last july. what does it say about s.e.c. rules and whether they are out of date. >> mcdonald's will post same store sales on monday get
CNBC
Dec 3, 2012 9:00am EST
opened an account with citi in 1978. never did a stitch of business with them. still have the toaster oven. >> you bought trousers and went to -- >> in my dad's oldsmobile. >> which states are likely to feel the most pain if america falls off the cliff? up next, cramer's six stocks in 60 seconds. back in a moment. americans believe they should be in charge of their own future. how they'll live tomorrow. for more than 116 years, ameriprise financial has worked for their clients' futures. helping millions of americans retire on their terms. when they want. where they want. doing what they want. ameriprise. the strength of a leader in retirement planning. the heart of 10,000 advisors working with you one-to-one. together for your future. ♪ wanted to provide better employee benefits while balancing the company's bottom line, their very first word was... [ to the tune of "lullaby and good night" ] ♪ af-lac ♪ aflac [ male announcer ] find out more at... [ duck ] aflac! [ male announcer.forbusi. [ yawning sound ] >> let's check in with simon hobbs to see what's coming up on a monday ed
CNBC
Dec 6, 2012 9:00am EST
they get ready to break grouped on three new locations here in the city. he'll join us live next. [ male announcer ] at scottrade, you won't just find us online, you'll also find us in person, with dedicated support teams at over 500 branches nationwide. so when you call or visit, you can ask for a name you know. because personal service starts with a real person. [ rodger ] at scottrade, seven dollar trades are just the start. our support teams are nearby, ready to help. it's no wonder so many investors are saying... [ all ] i'm with scottrade. it's no wonder so many investors are saying... wooohooo....hahaahahaha! oh...there you go. wooohooo....hahaahahaha! i'm gonna stand up to her! no you're not. i know. you know ronny folks who save hundreds of dollars switching to geico sure are happy. how happy are they jimmy? happier than a witch in a broom factory. get happy. get geico. fifteen minutes could save you fifteen percent or more. or that printing in color had to cost a fortune. nobody said an all-in-one had to be bulky. or that you had to print from your desk. at least, nobod
CNBC
Dec 26, 2012 9:00am EST
% in the 12 months ending in october in a 20-city composite, beating analysts' forecasts. it did appear as 12 of the 20 cities in both composites posted monthly declines in october. david blitzer will join us in just a few minutes to go over this data. bottom line here, better than expected. maybe this is enough to keep this sector going. a very strong sector in consumer discretionary overall. home builders have really been a double in 2012. >> it wasn't until the second half of this word that you started hearing the words housing and gdp growth in the same sentence. perhaps the most significant part of the economy for so much of the early parts of the 2000s. we'll see. they do call it a sustained recovery. that is, s&p-case schiller, and the recovery continues to gather strength. >> the best performing sector, though, financials. >> financials, yeah. >> 26% on financials. utilities the only one lower for the year. nine out of ten s&p sectors higher. that doesn't happen a whole lot. >> no. >> when we come back, christmas day may be over, but we've still got blitzer. s&p's david b
CNBC
Dec 28, 2012 9:00am EST
businesses from texas to massachusetts. also got the houston mayor to tell us how her city is preparing for a strike. futures still a little jittery here this morning. dow down 86. "squawk on the street" back in a minute. at a dry cleaner, we replaced people with a machine. what? customers didn't like it. so why do banks do it? hello? hello?! if your bank doesn't let you talk to a real person 24/7, you need an ally. hello? ally bank. your money needs an ally. mine was earned off vietnam in 1968. over the south pacific in 1943. i got mine in iraq, 2003. usaa auto insurance is often handed down from generation to generation. because it offers a superior level of protection, and because usaa's commitment to serve the military, veterans and their families is without equal. begin your legacy, get an auto insurance quote. usaa. we know what it means to serve. >>> instagram users may have made good on their threat to dump the photo sharing app after the controversy over new privacy rules, according to app data in the "new york post." app data says that instagram may have shed almost 25% of its
CNBC
Dec 12, 2012 9:00am EST
the past week. citi comes out, cuts their forecast on industry growth. they were at minus 1, they go to minus 3. reiterate their cell on dell, hpq. although they it rate buying on nova. >> he's a board member of hewlett-packard. >> michael, dell had good things to say, $5 billion away from pcs. these are regarded as pc stocks. pc, pc, pc, no. >> but as a trade, there is this notion perhaps that with whitworth on the board that there could be change from within. should meg whitman not be an attraction she needs to gain over the course of the next year or so? therefore, it will result in some change at hewlett-packard, which could be good for the stock. and we've seen that since the autonomy alleged broad bottom a few weeks ago. >> your point is well taken, i think, melissa. this is an incredibly important year for hewlett-packard. a year where you really do need to need to start see traction where meg whitman outlined. from my own reporting, they're behind on that. but of course there's going to be questioning. of course, there is going to be that other door that says, okay, let's go
CNBC
Dec 13, 2012 9:00am EST
are talking about solar city, known for solar panels, musk, who is the company's chairman and ceo, lyndon life, will join us this hour. nship. together for your future. ♪ >>> google maps returned to apple's i phone and ipad. google maps replaced the default application with its own app but that was a target of widespread criticism. the google maps available as a download from apple's itunes store. so it is available as a download. i mean, does this change anything, jim? >> google is huge. >> yeah it s >> apple -- are we really trading on every little review now? oh, wow, google maps. there is a un -- really an unreality about these stocks. they should not trade on whether google maps is sudden lynn better than apple maps, should be trading on profits, earnings. google missed last time, apple missed twice. maybe apple doing better. we look at the review and say i got to take out some google. it is not going to drive google's earnings, if you -- display ad does drive google's earnings but nothing to do with display ads, sit there and think maybe am, people will buy it, maybe not,
CNBC
Dec 24, 2012 9:00am EST
from monte carlo. performing until january 6th in new york city. and over at the nasdaq, a group that does a lot of good work at this time of the year, the salvation army. >> some like it hot. >> interesting. >> the birth cage. bird cage. >> looking where we are opening, no surprise to the down side here. initially out of the gate, one of their biggest losers is microsoft, down by more than a percent. we were talking about whether or not there will be any upside to pc sales. a lot of the data points indicated by "the new york times" saying no. saying pc sales are lower than expected. you've got microsoft down by about 1%. one of the leaders for the year, you mentioned bank of america, the best performing stock on the dow. a double this year if you're lucky enough to get in on bank of america and stick with that trade. across the board financials seeing a little bit of weakness in today's session. >> keep an eye on facebook. obviously the news a little thin this morning. the sunday "times" of london reporting the company has various methods of tax avoidance to shield 400 million p
CNBC
Dec 17, 2012 9:00am EST
on apple. >> let's get to some of the arguments that were laid out by your cohorts over at citi. one of them is good, but not great demand for the iphone 5. specifically they're citing competition from samsung. what we saw in the second quarter, when apple was out of the china market is it lost market share significantly in the second quarter. if it does launch and get the china mobile deal in the second half of 2013, have people already bought their galaxies and android phones out there, so that's a loss opportunity for them. >> the market obviously is very large. over 2 billion units globally for cell phones. obviously samsung is the top dog. they ship about twice as many smartphones every quarter than apple does currently. we think the market is big enough for multiple parties to win. if you look at it from a profit perspective, apple dominates the market share, the lion's share of taking the profits out of the cell phone space. we still that still has legs for a couple of years. we think pulling the trigger here on apple and selling is not the right move. valuation is cheap. we t
CNBC
Dec 11, 2012 9:00am EST
, located in new york city. i'm annoyed. i'm annoyed with the fiscal cliff. we're looking at not knowing what's going to happen. we fall off this cliff, and everyone gets affected. there's no trickle-down effect, it's more like a slush. we will lose income. the question is, housm income are we going to lose. if we fall off the cliff, the fear is that we fall off the cliff. not slowly glide down the cliff. big government at this point needs to understand that we should be able to trust you to do the right thing. put politics aside. think about us, the people. that's why we have government. fix it. >> all right. we're looking at a triple-digit gain here on the dow at this hour. up 109 points, a game of 13 points there. the nasdaq really the outperformer up by 1.one and a third points. andy lapierre is managing director with the group. what happens in the next few days will determine whether or not we have a year-end rally. >> we're having a rally already, melissa. absolutely. the market -- the next few days will determine whether the market is correct in its willing suspension of d
CNBC
Dec 5, 2012 9:00am EST
citi by the new ceo. he has a quote in here saying these actions are logical next steps in citi's transformation and says they're committed to strategy that continues to leverage in the global banking market. if you go through the list of where these jobs are actually coming from, institutional clients group which is investment banking a quarter of the job cuts are going to come from there. my 2013 predictions i said that group would slim down by half. interesting that they are cutting a big chunk of that group. global consumer banking is responsible for 35% of the cuts and then going on through the other business lines like citi holdings, those are responsible for smaller portion of those jobs. citi getting smaller. a billion dollars going to be the pretax charge in the fourth quarter of next year. 11,000 jobs a big move from the new ceo over there. carl? >> all right. thank you very much, kayla. we're reading through the release right now ourselves. big strategic move. >> how many people work at this bank? i feel like they've been firing forever. citi did nothing after that grea
CNBC
Dec 27, 2012 9:00am EST
parochial. we live in new york city all three of us, we are on the subways in new york, not on the subways in asia where knowing yas and samsungs are much bigger players. >> fair enough. but? for the u.s. carriers. i have seen one nokia lumia on the subway the last three months. >> but here's what a nokia spokesperson had to say ultimate slick, a car years decision on operation, up to at&t and verizon and so on and the spokesperson points out that samsung is doing the same thing. not just us. samsung is doing it, too. good response there. what stock should you be watching when the opening bell rings? get word on the street from a trader and on what to expect. that is next. >>> later, commodities i hating snag the next few months what is ahead for the new year? we are making predictions. take another look at futures as we head into this thursday open. looks like we are a little bit higher, jobless claims did come in better than expected here. the dow looking at 18 at the open. more "squawk on the street," straight ahead. [ male announcer ] this december, remember -- you can stay in and like
CNBC
Dec 20, 2012 9:00am EST
., they still want the straight equities business. der riff city was the key. >> people want to believe this is not going to be the latest in a chain of squelch deals, denied deals. you think this one -- >> this one does not appear to have any hair on it when it comes to antitrust. >> nationalism. >> two u.s. companies. two u.s. companies. unless you want new york versus atlanta. that could be -- >> we did that. >> atlanta, the financial capital of the world. not the same ring to it. >> oracle buys a company. yesterday, merkel buys a company. today -- >> angela merkel bought a company? >> play that out. the insurance business. gardner denver perhaps. david -- >> yeah. >> this is deal mania. >> mention arris, trading up again, double the size of the -- what is happening? >> ge this week. >> potentially, the italian enginemaker. >> the fiscal cliff, result supposed to be frozen? aren't we supposed to be paralyzed? >> i guess the clock ran out on everybody saying we can't do anything? >> this is huge for us. >> i don't have a legitimate answer for you. none of these transactions are going
CNBC
Dec 4, 2012 9:00am EST
even hotel demand is weakening here. i actually agree with the analyst from citi from yesterday that we are seeing weakening trends. >> just before we let you go, where is the greatest call to action in your view? where should people focus most on their investments? >> i guess if they have a very short-term horizon which i think most clients do between now and year end, we need to focus on something that had an actionable catalyst between now and year end. only two companies that we cover set to report between now and year end would be carnival in cruise space which you highlighted and darden which preannounced today. darden action took place today so the next catalyst is carnival and as you highlighted the setup into carnival earnings is not as good in second and third quarter because there's no sense in pricing and stocks are up over 35% year-to-date. >> it's good to have you on the show. thank you for joining us. >> a pickup in chinese economic data overnight raising hopes that a hard landing might no longer be in the books for china. is the worst finally over for the world's seco
CNBC
Dec 10, 2012 9:00am EST
that. >> phil lebeau talking cars today. what would happen to the mortgage interest deduction in your state if in fact we go over the fiscal cliff? the exclusive numbers on that after the break. [ male announcer ] it's that time of year again. time for citi price rewind. because your daughter really wants that pink castle thing. and you really don't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it finds one, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all you need is a magic carriage. citi price rewind. start saving at citi.com/pricerewind. >>> i wanted to update our viewers on shares of hewlett-packard. you may have noticed one point eclipsing up 4.5% today. now taking off some of those gains, but still up almost 3%. a lot of chatter continues to be centered on the idea of potentially breaking the company up. some people would say you certainly do get a fairly big number. let's not forget it's not the hp of packard and he
Search Results 0 to 17 of about 18